Australian Bauxite Limited (ABx) (ASX:ABZ) is an exploration company that holds the core of the Eastern Australian Bauxite Province with 29 tenements in Queensland, New South Wales, Victoria and Tasmania covering over 7,000 km2 - all selected on three firm principles:

• Quality – good quality bauxite with potential for significant resource tonnages;
• Proximity – easy access to infrastructure connected to export ports; and
• Accessibility – free of socio-environmental or native title land constraints.

All tenements are 100% owned and free of obligations for processing and third-party royalties. ABx has already discovered significant bauxite deposits and new discoveries continue as knowledge and expertise develops.

ABx bauxite is high quality and can be processed into alumina at low temperature – the type that is in short supply globally. At the company’s first drilling prospect in Inverell (northern New South Wales) a maiden resource of 22 million tonnes has been reported from drilling less than 10% of the identified bauxite deposit. Australian Bauxite Limited aspires to identify bauxite resources in excess of 200 million tonnes in one of the world’s best bauxite provinces.

ABx has the potential to create three state-significant bauxite processing projects - one each in Queensland, New South Wales and Tasmania - and has several bauxite deposits that are favourably located for direct shipping of bauxite to export customers. Our business plan is to prove up the largest tonnage of high quality bauxite resources of any comparable company and to market premium-priced bauxite products into both the rapidly growing Asia-Pacific region (especially China) and the large eastern Australian aluminium industry.

Drilling Program
Drilling commenced on 12th April 2010 and is ahead of schedule; the program totals 1,000 holes by 3 December 2010.  The program objective is to identify bauxite layers and better define boundaries.  Additional holes will then be drilled to test for the consistency of the bauxite.

Samples submitted for analysis to date show satisfactory results, in line with expectations and in some place, better than expected.

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